Protect Loved Ones
A life insurance benefit can help provide financial support to the people who matter most after you’re gone.
Life Insurance & Legacy Planning in Retirement
Life insurance can play an important role in a broader retirement strategy by helping protect loved ones, address final expenses and create a legacy for the people and causes that matter most.
Protect the People You Love
Help provide financial protection for the people who depend on you.
Plan for Final Expenses
Prepare for expenses that could otherwise place a financial burden on loved ones.
Leave a Meaningful Legacy
Create a strategy designed to help pass assets to family, loved ones or charitable causes.
How Can Life Insurance Support a Legacy Plan?
Life insurance can serve different purposes throughout retirement. Depending on your goals, it may help provide financial protection, address expenses and create an efficient way to leave something behind.
Help Cover Final Expenses
Life insurance proceeds may help loved ones manage funeral costs, outstanding obligations and other final expenses.
Create a Legacy
Life insurance can provide a way to leave assets to family, loved ones or charitable causes that are important to you.
Understanding Different Types of Life Insurance
Term Life Insurance
Provides life insurance protection for a specified period of time and is generally designed to address temporary protection needs.
Whole Life Insurance
Provides permanent life insurance protection and typically includes guaranteed cash value accumulation, subject to the terms of the policy
Universal Life Insurance
Provides permanent life insurance protection with flexible features that may include adjustable premiums and death benefits, depending on the policy.
Final Expense Insurance
Final expense insurance is generally a form of permanent life insurance designed to provide a smaller death benefit that can help loved ones address funeral costs and other end-of-life expenses.
Building a Thoughtful Legacy Plan
Identify Who and What Matters Most
Consider the family members, loved ones, charities or causes you want your legacy to support.
Coordinate Your Beneficiaries
Review beneficiary designations and consider how they fit with your broader estate and legacy-planning goals.
Consider How Assets May Transfer
Think about how life insurance and other assets may work together to help carry out your wishes and support the legacy you want to leave.
Ready to Talk About Your Legacy?
Every legacy is personal. Our team can help you explore life insurance and retirement strategies designed around the people, priorities and causes that matter most to you.